RE: RNS26 Jun 2025 07:44
Wow! That is a STANDOUT RNS. I think it might be one of the BEST I have ever read as a former chemist. The pXRF grades are bonkers on the historical core.
OMG. Literally. Final quote:
David Price, Chief Executive Officer of Rockfire, commented:
"While we have been awaiting the permit to undertake our drilling, our team has been busy advancing the geological, mineralisation and metallurgical understanding of the Molaoi deposit. This is important work and the delay in permitting has provided a chance to have this critical work completed and Rockfire has not wasted this opportunity window".
"The results of our lithofacies modelling mark a major step forward in our understanding of the overall potential of the Molaoi Project. By combining the new 3D geological model with our 2024 resource model, we've sharpened our focus on the rock units most likely to host high-grade mineralisation. This gives us a powerful, predictive tool for targeting new discoveries and building long-term value for our shareholders".
"The pXRF measurements taken from the historical core from the 1980's has proven to be a valuable exercise, with multiple core intercepts being found which host high-grade zinc. Some of these intersections have not been previously sampled and will be analysed at ALS Laboratories and added to the mineralisation model to improve the accuracy and interpretation of the zinc/lead/silver mineralisation. Importantly, these intervals will be analysed for germanium, which will provide additional data points for inclusion into a maiden JORC germanium resource."
"Our planned test work in preparation for scoping/prefeasibility will be the first comminution tests and second metallurgical tests conducted by Rockfire. It is expected that multiple phases of metallurgy and test work are required prior to the completion of a full feasibility. Rockfire is determined to commence this work now to ensure a feasibility study is completed within time and within budget."
"When our 30-hole drill program is complete, we anticipate that Molaoi will attain the status of being the only zinc deposit in Europe with a germanium by-product Inferred Resource. This will position the Molaoi project as stand-out amongst zinc deposits globally."
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